Clearwater Paper Corporation Profit Declines 90% In Q3

(RTTNews) - Clearwater Paper Corporation (CLW) revealed earnings for third quarter that lost ground from last year.

The company said its bottom line came in at $2.37 million, or $0.14 per share. This was down from $24.41 million, or $1.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.6% to $435.32 million. This was down from $442.22 million last year.

Clearwater Paper Corporation earnings at a glance:

-Earnings (Q3): $2.37 Mln. vs. $24.41 Mln. last year. -Earnings Decline (Y-o-Y): -90.3% -EPS (Q3): $0.14 vs. $1.28 last year. -EPS Decline (Y-o-Y): -89.1% -Analysts Estimate: $0.21 -Revenue (Q3): $435.32 Mln vs. $442.22 Mln last year. -Revenue Change (Y-o-Y): -1.6%